Yours truly

This is our Blog on Personal Finance. We will attempt to be analytical as well as educative. We will tell you what we like and what we don't. We will tell you what we do with our money and what we tell you is what we will follow for us. Tell us what you like to see.

Executive Summary – Developed countries want money to be pumped in their economy. They have investor visa programs through which foreigners wanting to get residency in their countries can invest certain amount for a specified number of years and get special visas. There might be other conditions like employment generation, age etc. that need to be fulfilled. The U.S with its EB 5 visa program offers a green card to foreigners. U.K, Canada and Australia are some other countries that offer investor visas.

Money can work in different ways to help you. Many of us aspire to have a better lifestyle in a developed country where standards of living are high. These countries offer investor visa programs wherein a foreigner can 'buy' residency status or visa by investing in the country and following certain conditions. U.S, Australia, Canada etc. have such investor visa offerings. Let us look at some of them in detail -

USA – The United States has a 'Employment fifth preference' or EB-5 immigrant visa that allows foreigners to get permanent residency in U.S.. It offers investors a program that proposes to offer a green card to foreigners who

Invest $1 million in either a new or existing U.S. business or commercial enterprise that will create at least 10 full-time U.S. jobs (that are not for the investor or investor's immediate family) within two years, or

Invest $500,000 in a new or existing U.S. business or commercial enterprise that is in either a rural area or an area with a high unemployment rate, or

Invest in a U.S. government designated Regional Center, or

Invest in an existing business, and expand the net worth of the business or the number of employees by 40%.

You also need to prove that the investment will benefit the U.S. economy and after 5 years, you can apply for U.S citizenship.

You have to remain engaged in your business. Passive investments do not qualify for a green card.This green card expires in 2 years. Once you get the green card, you can work in another company too. Your spouse and unmarried children below 21 years also get green cards.The immigration authorities can revoke your visa if you commit crime, engage in fraudulent activities or do not report change of address.​The EB-5 visa program has been gaining popularity in India in the last few years. Figures say there has been an increase close to 150% in the applications for EB-5 Visas from India over the last few years.

You can qualify for citizenship or special visa in a country of your dreams if you invest the requisite amount in that country and fulfil certain other conditions.

Other countries also offer special visas for people ready to invest in their country -Australia – A foreign investor who can invest 5 million AUD in state and territory bonds, Australian companies or managed funds for at least a period of 4 years gets concessions on visa requirements like no upper age limit, ability to work or study and not having to give innovation test.Canada – Canada is considered one of the best places to live in the world in terms of safety, health care, social environment and education. Different regions in Canada have different immigrant investor programs. Quebec for example offers permanent residency to investors willing to invest CAN$800,000 for 5 years. After 5 years, the original amount will be returned to the investor. There are some other criteria that need to be fulfilled like -

Applicant should be 18 years or older.

Required French and English language competency standards should be met.

Health criteria should be met.

Net assets of at least CAN$1,600,000 should be shown by applicant and spouse/life partner.

The applicant must have management experience of at least 2 years in the previous 5 years. The organization must have at least 2 other full-time employees working under the applicant

Other selection criteria defined by Canada and Quebec or the region one is investing in should be satisfied.

United Kingdom - You can apply for a Tier 1 (Investor) visa if you can invest £2,000,000 or more in the UK and live outside the European Economic Area (EEA) and Switzerland. Other eligibility requirements like being 18 years and above, having a UK bank account and having the money either in your name/spouse's name or partner's name.

Getting citizenship through an investment opportunity is a good way to ensure that you get to live in a country that you want. You should consider the cost of investment, standard of living in the country, cost of living, investment process and exit options before selecting one.

*Please visit the visa information pages or contact the immigration consultants to get exact current details.